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make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign st
make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany....
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Oct 4, 2012
10/12
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and nobody as far as i know believes that the clinton economy was a bad economy. i mean, i was very proud to have been part of the clinton administration. it was one of the best economies we had. the tax rates did not harm small business. in fact, we had such a good economy because we had fiscal responsibility and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most people who look at those years and exclude those years that just preceding the dot-com boom understand that was a very good economy. do you believe or does anybody -- i mean, i would be very interested in grover norquist if he thought the clinton years represented a bad economy and if they were bad tax rates. >> as much fun it would be to relive the clinton years tonight, mr. secretary, i'd love to get grover -- i want you to expand more on this deduction limit. are you saying it might violate the letter of the no tax pledge but it does not violate the spirit? >> no, no. the president -
and nobody as far as i know believes that the clinton economy was a bad economy. i mean, i was very proud to have been part of the clinton administration. it was one of the best economies we had. the tax rates did not harm small business. in fact, we had such a good economy because we had fiscal responsibility and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most...
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Oct 1, 2012
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what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it'
what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%....
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Oct 4, 2012
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economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's crucial services sector grows at its fastest rate in seven months, while the government gets set to take another swing at boosting it through foreign investments. thanks very much for joining me. anyone that's missing ross, he'll be back in tomorrow. but for now, you're all mine. . plenty to come on the next couple hours of the show. lots of guests to help us figure out what's going on. we'll get a view from sydney about cautious shoppers. borrowing costs are expected to fall. we'll bring you those results from madrid.
economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's...
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Oct 3, 2012
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even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the start of something worse. tonight we are going off the charts to figure out if the real estate investment stakes are done. he is a brilliant technician and perhaps the most reliable guy i have been dealing with on charts. take a look at the iyr daily chart. you can see that over the last few weeks this thing has been put through the proverbial meat grinder. is this a pull back off the recent time or are there signs of something more sinister? there is a developing head and shoulders pattern here. there you go. that is one of the most dreaded topping formations out there. n
even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the...
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Sep 26, 2012
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economy is on the mend. joining us right no with his solution is john allison, the former bb & t chairman and ceo and the author of a new book it's called "the financial crisis and the free market cure: why capitalism is the world economy's only hope." john, thank you for joining us this morning. >> good morning. >> you wrote this book because you wanted to push back at the idea that grieve on wall street and deregulation of the banks is what caused the crisis. >> the left has done a great job of creating myth. the myth that roosevelt ended the depression, when, in fact, his policies were eliminated. they did a nice job of creating a very destructive myth that the banking industry was deregulated and then greed was what caused the financial crisis. first, it wasn't deregulated, there was always greed on wall street. there was no epidemic, it was government policy that caused the financial crisis. primary mistakes made by the federal reserve and in trying to eliminate a minor correction in the 2000s, and ende
economy is on the mend. joining us right no with his solution is john allison, the former bb & t chairman and ceo and the author of a new book it's called "the financial crisis and the free market cure: why capitalism is the world economy's only hope." john, thank you for joining us this morning. >> good morning. >> you wrote this book because you wanted to push back at the idea that grieve on wall street and deregulation of the banks is what caused the crisis....
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economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
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citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expectations. >> but they added subscribers. >> subscribers in developed countries. the point is a developing -- in the developing countries, i mean -- >> that's us. >> no, developing. >> okay. >> so
citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we...
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the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. rick said stronger than expected along with the ism manufacturing number. the business activity number, up to a
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than...
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and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savings. all the things humans need to make our beautifully imperfect world a little less imperfect. call... and lock in your rate for 12 months. liberty mutual insurance. responsibility. what
and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can...
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Sep 27, 2012
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we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let me be very clear. in nebraska and all across america, i just chaired the national governor's association this past year. americans do not want the federal government to bail out states that have failed, that have failed to adopt a balanced budget, that they continue to raise taxes. that's not what we want as americans. we want states to control their spending, create more jobs. so i certainly don't think the federal government ought to bail out a state like illinois or california if they can't do it themselves. >> governor, it's been
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let...
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economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm
economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the...
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Sep 30, 2012
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you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the middle class has a chance, and candy, we're not going to get there by going back to the same policy that is we've had before. >> how are we going to get there? >> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a
you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the...
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the economy is too weak. we're growing faster then than we are now. >> how big an issue could it be for democrats if mitt romney successfully makes the case? >> you know, this is how i see it. imagine you're going into -- you want to buy a car, right? >> yeah. >> you go to the car dealership and the dealer says i've got this great car for you. it goes zero to 60 in two seconds and it's climate control, turbo charged and guess what, it's electric and it flies and it's only $10,000. and you say, great, it's awesome. this sounds like a great car. i would love to drive t he says there's a catch, though. i can't show it to you. it's in the garage but i can't actually show it to you, but are you going to buy it? you've got to trust me. all those things, it's all true. that's what you're seeing now. mitt romney sold something last night that can't be true. all of the independent analysis says it sha-- and i take issue some of your research there. as voters start to dig more into this pitch they're going to realize i
the economy is too weak. we're growing faster then than we are now. >> how big an issue could it be for democrats if mitt romney successfully makes the case? >> you know, this is how i see it. imagine you're going into -- you want to buy a car, right? >> yeah. >> you go to the car dealership and the dealer says i've got this great car for you. it goes zero to 60 in two seconds and it's climate control, turbo charged and guess what, it's electric and it flies and it's...
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. >> we have to get this economy going again. >> campaigns go ahead to head. what the numbers mean. >> and if romney can win without ohio and the big names. things get lively. you want to make farming sexy. >> the whole world is coming here and you are screwing up the traffic. >> this is piers morgan tonight. >> good evening. ahmadinejad made the speech. relatively low key and dare i say almost reasonable. and to blame israel. >> testing generations of weaponry and the pledge to disclose this ordinance and the time is being used as neo language of threat against nations to course them into accepting era. continue threat by the those to resort to military action of this bitter reality. >> economist of the "new york times" and having turned into a series on pbs, and nick joins me now. which over way you look at him and think of him, he is a man that commands attention. oddly today, he seemed to be on his best behavior. what do you read into that. >> you said his speech was reasonable by oc ma din jod standards. it is a little bit rich. but, i think that he has b
. >> we have to get this economy going again. >> campaigns go ahead to head. what the numbers mean. >> and if romney can win without ohio and the big names. things get lively. you want to make farming sexy. >> the whole world is coming here and you are screwing up the traffic. >> this is piers morgan tonight. >> good evening. ahmadinejad made the speech. relatively low key and dare i say almost reasonable. and to blame israel. >> testing generations of...
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of the economy right now? is there too much? and in your case, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to have regulations so that you can have an economy work. every free economy has a good regulation. at the same time, regulation can become excessive. >> is it successful now? >> in some places, yes. it could become out of date. what's happening with some of the legislation passed during the president's term, you've seen regulation become excessive and it's hurt the economy. dodd-frank was passed, and it includes provisions that have it telling banks too big to fail. this is the biggest kiss that's been given to ne
of the economy right now? is there too much? and in your case, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making...
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every free economy has good regulations. at the same time, regulation could become excessive. >> is it excessive now? >> in some places, yes. in some places, no, it can become out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd-frank was passed and it includes within it a number of provisions that, i think, has some unintenned itted consequences that are harmful to the economy. one is banks are too big to fail. that is the biggest kiss to new york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. here's another. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. you have to have regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for institutions. >> here is the specific -- >> excuse me. >> let's talk about the big o
every free economy has good regulations. at the same time, regulation could become excessive. >> is it excessive now? >> in some places, yes. in some places, no, it can become out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd-frank was passed and it includes within it a number of provisions that, i think, has some unintenned itted consequences that are harmful to...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people are driving this change. that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> it was perhaps no bigger story this week at a time when world leaders gathered at the u.n., whe
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people...
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who would you rather have hanel the economy. an economy, romney by a huge margin. medicare, all the way down, so it just seemed like the president didn't respond in a way, that folks -- everybody went into the debate suspecting he would win. >> i was very candid. the challenger always -- always, always, always gets the bunch with the sitting president. they are on the stage with the president, toe to toe, much has been written about that. we knew that. and we knew governor romney has been practicing, reherselfing lines since june for this. >> and you know you also get another one. will i see you october 16th? >> i'll be there. >> me too. >> wolf being back to you. >> candy will be moderating the next presidential debate. jim acosta with a special guest, marco rubio who supports mitt romney. must be pretty happy. >> that's right, wolf. we had senator rubio listen to david axelrod's comments. we heard him say let's not get caught up in the theater of the moment. i'm guessing from your vantage point, it was a good play tonight. >> the only one more frustrated than bar
who would you rather have hanel the economy. an economy, romney by a huge margin. medicare, all the way down, so it just seemed like the president didn't respond in a way, that folks -- everybody went into the debate suspecting he would win. >> i was very candid. the challenger always -- always, always, always gets the bunch with the sitting president. they are on the stage with the president, toe to toe, much has been written about that. we knew that. and we knew governor romney has been...
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economy, we will track that and all the business news on cnn money. >>> and we have a big showbiz countdown this week of the best presidential impersonations ever. tune in and see if your favorites make the cut. >>> high school students thought they were funny nominating a girl to the homecoming court as a joke, but she got the last laugh. h drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to have one less battery to worry about? car honking irping the 2012 sonata hybrid. the only hybrid with a lifetime hybrid battery warranty. from hyundai. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer
economy, we will track that and all the business news on cnn money. >>> and we have a big showbiz countdown this week of the best presidential impersonations ever. tune in and see if your favorites make the cut. >>> high school students thought they were funny nominating a girl to the homecoming court as a joke, but she got the last laugh. h drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to...
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for the president that means talking about the economy, how things are still difficult but the economy is in a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last four years this way. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising taxes with these tax cuts? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing.
for the president that means talking about the economy, how things are still difficult but the economy is in a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last...
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the economy? >> we're not going to be legalizing weed anytime soon. >> one question is whether this a amendment will drive some of those voters to support gary johnson, the former republican governor of new mexico, who is a strong advocate. >> look, t it's a domestic issu. i know this isn't the first high propro file attempt to legalize marijuana, so what's the track record? >> it hasn't been good. most recently in california, in the 'tea party election of 2010, polls said this measure might pass. california looked like it was on the verge. went down to defeat on election day. it's a significant tale for folks especially in a state this dopely divided, but what's fascinated is this way this is being pitched. they're really trying to put schools forward on the issue. it's a different tactic than we've seen in the past. >> well, i can't wait till it comes up during the debate because i just bet that it will as it should. thanks very much. >>> ahead, three americans were killed in afghanistan today.
the economy? >> we're not going to be legalizing weed anytime soon. >> one question is whether this a amendment will drive some of those voters to support gary johnson, the former republican governor of new mexico, who is a strong advocate. >> look, t it's a domestic issu. i know this isn't the first high propro file attempt to legalize marijuana, so what's the track record? >> it hasn't been good. most recently in california, in the 'tea party election of 2010, polls...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. that's a dead end. ...don't know which way to turn. [ under his breath ] this way... turn around. that's why we present people with options... to help them find coverage that fits their needs. almost there. [ announcer ] we are insurance. -woo! ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ >>> a lot of big ideas from my all star panel. princess ameerah al-taweel and deepak chopra and wesley clark and will.i.am. >> your special interest i
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is...
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economy. you have the president promising four more years of stagnation and dependency. >> paul ryan acknowledges what he calls missteps and admitting mistakes, missteps. is that a deliberate strategy? >> i don't know if it's a smart strategy. but i know it's a realistic strategy. obviously they're down in the polls. i think he's being humble. i think he's being realistic. he's admitting there's been mistakes maitt romney said he didn't make the best articulation when speaking of the 47%. they do need to eat a little humble pie and admit things are not all rosie. we can't deny what the polls are showing. we may be able to argue with the polls a little bit, but things need to pick up. i think paul ryan admitting that this morning is a good thing and refreshing from a politician. >> effectively what he's doing is he's telling people what they already know. he's saying, look, we've done it. we don't have to talk about it. l.z, let's get to anna's point. mitt romney did speak about the 37% of obam
economy. you have the president promising four more years of stagnation and dependency. >> paul ryan acknowledges what he calls missteps and admitting mistakes, missteps. is that a deliberate strategy? >> i don't know if it's a smart strategy. but i know it's a realistic strategy. obviously they're down in the polls. i think he's being humble. i think he's being realistic. he's admitting there's been mistakes maitt romney said he didn't make the best articulation when speaking of...
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and if there are not deductions, and you say it's a good idea to spur the economy, when the economy grew 5 and 6% under reagan, it's because we did significant tax reductions of the upper class. we went from a tax rate of 70 when reagan came in to 50, and we went from 50 to 28 and the economy grew like gangbusters. that's what we need again. >> senator, last night obama reminded romney of what he said in the debates. he said, if you have ten cuts for one revenue increase, you still wouldn't support that. isn't that part of the problem, when you have republicans who say, i won't support any type of revenue increase and wow won't even accept any cuts? that makes no sense. >> well, i think everybody says there has to be some sort of compromise. and the narrative is that we won't compromise. i think we actually do compromise all the time. we compromise to raise military spending and to raise domestic welfare spending. what i would say is the compromise is not to raise taxes, the compromise is reduce military spending and reduce domestic spending. i think i've got some work even on my side on
and if there are not deductions, and you say it's a good idea to spur the economy, when the economy grew 5 and 6% under reagan, it's because we did significant tax reductions of the upper class. we went from a tax rate of 70 when reagan came in to 50, and we went from 50 to 28 and the economy grew like gangbusters. that's what we need again. >> senator, last night obama reminded romney of what he said in the debates. he said, if you have ten cuts for one revenue increase, you still...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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happened, it's gone the other way on the economy. he's been losing that argument. what do you think of that? was paul ryan with hindsight the wrong choice? >> hindsight is 20/20. we can look back on it and see all the reasons why it didn't work. you can see what they were trying to do, they were trying to tap into the tea party enthusiasm on the far right and if you could energize that base and get them excited, maybe that could be -- propel his candidacy forward. the other thing was they actually thought they could have some sort of big idea conversation, but the problem is that mitt romney does not want to have a big idea conversation, because he wants to run away from the specifics of big ideas and the one big idea that they are talking about, they're losing on which is in all of those swing states, they're losing this battle over who will better handle medicare. that's the problem. >> kristen soltis, that is undeniable undeniable. that has got to be laid at the floor of paul ryan. he was brought in specifically to win that argume
happened, it's gone the other way on the economy. he's been losing that argument. what do you think of that? was paul ryan with hindsight the wrong choice? >> hindsight is 20/20. we can look back on it and see all the reasons why it didn't work. you can see what they were trying to do, they were trying to tap into the tea party enthusiasm on the far right and if you could energize that base and get them excited, maybe that could be -- propel his candidacy forward. the other thing was they...
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they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any d
they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just...
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and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to corporations that move jobs overseas. when he was asked what he would do to actually cut spending and reduce the deficit, he said he'd eliminate public television funding. don't boo now. but i just want to make sure i got this straight. he'll get rid of regulations on wall street. but he's going to crack down on sesame street. >> all right. so there's the president of the united states. he's got a good line there about mitt romney. he's been ridiculing mitt romney big time. he did it earlier today. now. something he avoided doing dramaticall
and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to...
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because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it serves to control what many consider the excesses of the free market. >> and without the hand of policy, markets can crash. the vulnerable can be exploited. >> reporter: he frequently cautions against unwarranted growth, yet the economic stimulus and the auto bailout he has sounded like another democratic president, frankly roosevelt who in the great depression insisted government must protect economic rights. >> the right to adequate medical care and the opportunity to achieve and enjoy good health. >> reporter: flash forward four decades and here comes another president with a very different view. >> gover
because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it...
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i'll call it the economy tax. it's been crushing. >> let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600, and the reason is because i believe that we do best when the middle class is doing well. >> that was just a couple of highlights from last night's presidential debate. we're going to go more than just play soundbytes. we're going to replay the entire debate next hour of cnn newsroom, so you can judge for yourself just how the candidates performed. which candidate would do a better job of growing a sluggish economy? voters, they're looking for answers. last night's debate, did they actually even get them? we're going to bring in our cnn chief business correspondent alshi velshi. an incredible debate. ali, i want to start off with you first. >> yeah. >> one of the things that mitt romney was very consistent on, the mes
i'll call it the economy tax. it's been crushing. >> let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600, and the reason is because i believe that we do best when the middle class is doing well. >> that was just a couple of highlights from last night's presidential debate. we're going to...
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lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> well, may be hard to believe but tomorrow will mark ten years since the first shots of a string of sniper attacks gripped the nation's capital. now the convicted shooter is speaking out about his crime. what he's now saying about it in his own words, ahead. e metal obe ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome back. mahmoud ahmadinejad's speech at the united nations general assembly last week was likely his last. his term as president of iran ends this year. to document his visit to new york city he brought along his official photographer. well, now ahmadinejad is back home in iran, but his photographer never left new york. according to his attorney, he's filing for asylum here in the u.s. he just spoke with cnn. deborah feyeric
lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> well, may be hard to believe but tomorrow will mark ten years since the first shots of a string of sniper attacks gripped the nation's capital. now the convicted shooter is speaking out about his crime. what he's now saying about it in his own words, ahead. e metal obe ground) things have been a little strange. (sfx: sound of piano...
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, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well, they're definitely helping with their public image because they're the most likable parts of each ticket really, but i feel as though they could be helping a lot more because that ann romney clip continued to her saying that the only thing she's concerned about is if romney wins, she's concerned about his mental well-being. so you might not want to question the mental health of your husband who you're asking everybody to elect as leader of the free world, and michelle obama i feel like she can probably privately -- i think the biggest thing they can do to help their husbands is privately encourage them to be more of who they a
, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well,...
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it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a home brewing kit. all sorts of ways to drink your beer. >> i like when you say it's a fun way of looking at the economy. >> make it fun and entertaining. >> we'll have a brew after the show. thank you so much, alison kosik. >>> epic smackdown and a star is born. jennifer livingston in lacrosse, wisconsin, had more than a few choice words for a fan who criticized her weight. that fan wrote, quote, obesity is one of the worst choices a person can make. then he advised livingston to reconsider your responsibility to present and promote a healthy lifestyle. livingston responded speaking directly to that man who sent her that e-mail. his name is kenneth crouse. >> do you think i don't know that, that your cruel words are pointing out something that i don't see? you don't know me. you are n
it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a home brewing kit. all sorts of ways to drink your beer. >> i like when you say it's a fun way of looking at the economy. >> make it fun and entertaining. >> we'll have a...
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though most have centered around foreign policy, others have been about the economy, like in 2008. when the economy imploded, john mccain's advisors say his campaign collapsed along with it and never recovered. historians say in order for an october surprise to have a real 11th hour impact, it has to feed into a narrative that already exists, whether it's carter's ineffectiveness or questions about mccain's credentials on the economy. >> it's not so much that suddenly eureka, this is so surprising, so amazing, but rather, people nod yes, this is where we thought things were going. >> reporter: it's possible we may have already seen this election year's october surprise. maybe it was how the candidates reacted to tragedy in libya and the broader unrest in the mideast or maybe it was mitt romney's now infamous 47% remarks, or perhaps one or both of the campaigns is holding damaging information about the other, or there will be an unforeseen event on the world stage. it's hard to say, since if we could guess, it would not be called an october surprise. dana bash, cnn, washington. >> w
though most have centered around foreign policy, others have been about the economy, like in 2008. when the economy imploded, john mccain's advisors say his campaign collapsed along with it and never recovered. historians say in order for an october surprise to have a real 11th hour impact, it has to feed into a narrative that already exists, whether it's carter's ineffectiveness or questions about mccain's credentials on the economy. >> it's not so much that suddenly eureka, this is so...
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another sign the economy could be improving. just released a report showing that sales of new homes jumped again in august. but let's quickly take a look at some of the other encouraging numbers that have recently come out. home prices in 20 major cities have gone up for the past three months. consumers are spending more. one example, 3% more spent on household goods compared to 2010. gas prices are down. still expensive. the national average at $3.83 a gallon. now let's break down the new home sales report to see if we actually should be jumping up and down in the streets. christine romans is here. what do the numbers say? >> jumping up and down in the streets. you should be trying to refinance your mortgage. we have 373,000 new home sales. these are new homes so as i told you before, every new home is a construction worker, a roofer, a plumber. it's a lot of economic activity because you're building that house from scratch. 1,000 better than the prior month but not exactly as much as wall street had been hoping for. they've be
another sign the economy could be improving. just released a report showing that sales of new homes jumped again in august. but let's quickly take a look at some of the other encouraging numbers that have recently come out. home prices in 20 major cities have gone up for the past three months. consumers are spending more. one example, 3% more spent on household goods compared to 2010. gas prices are down. still expensive. the national average at $3.83 a gallon. now let's break down the new home...
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we're going to do the things that ignite this economy. those five things i describe will get america's economy going again, will help people find jobs that need those jobs. we'll get take-home pay to come up again. this is not a mystery. we know how to do it. america has faced challenges before. when we have strong leaders, when we have people who know how to lead and will lead we can get it done. and i am and we will. [ cheers and applause ] [ mitt mitt mitt mitt mitt mitt mitt crowd chanting ] >> i believe in america. and i believe in you. i believe you're going to help me win ohio. i'll tell you that. all right. we love this country. we know what it stands for. we know the power of freedom. we take very seriously the declaration of independence and the constitution. >> mitt romney appearing right now in toledo, ohio before an absolutely raucous crowd there, telling the crowd getting applause for the line "i know the president cares about the people of america he just doesn't know how to help them and i do." >> happening now, mitt romne
we're going to do the things that ignite this economy. those five things i describe will get america's economy going again, will help people find jobs that need those jobs. we'll get take-home pay to come up again. this is not a mystery. we know how to do it. america has faced challenges before. when we have strong leaders, when we have people who know how to lead and will lead we can get it done. and i am and we will. [ cheers and applause ] [ mitt mitt mitt mitt mitt mitt mitt crowd chanting...
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. [ male announcer ] isn't always the one you plan to take. whoa, check it out. hey baby goat... no that's not yours... [ hikers whispering ] ...that's not yours. [ goat bleats ] na, na, na -- no! [ male announcer ] now you can take a photo right from video, so you'll never miss the perfect shot. [ hikers laughing, commenting ] at&t introduces the htc one x. now $99.99. rethink possible. the good they did inspires us, prepares us and guides us. at new york life, everything we do is to help you keep good going. >> the debate on wednesday. romney is taking two days off. you can't just walk in there. you have to prepare for these details dee baits. romney is taking a couple of days off. is he going to study. they'll have practice debates. he is going to do that for two days. another full day of spray tan, and the
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. [ male announcer ] isn't always the one you plan to take. whoa, check it out. hey baby goat... no that's not yours... [ hikers whispering ] ...that's not yours. [ goat bleats ] na, na, na -- no! [ male announcer ] now you can take a photo right from video, so...
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the key reason why many consumers are paying down their debt is uncertainty in the economy. >>> first presidential debate is in the bag. many say mitt romney wins in more ways than one. going into the debate, president obama was way ahead of romney in the likability polls. last night, romney one-up the president on his own wedding anniversary. first, obama. >> a lot of points i want to make tonight. but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. and so i just want to wish, sweetie, you, happy anniversary, and let you know that i year from now, we will not be celebrating it in front of 40 million people. >> romney grabbed the ball, responded in a way that was downright charming. >> and congratulations to you, mr. president, on your anniversary. i'm sure this was the most romantic place you could imagine here, here with me. so i -- congratulations. >> cnn contributor's will cain, roland martin, who leans left, are here to discuss. welcome, gentlemen. >> how are you doing? >> the moment you just played that'
the key reason why many consumers are paying down their debt is uncertainty in the economy. >>> first presidential debate is in the bag. many say mitt romney wins in more ways than one. going into the debate, president obama was way ahead of romney in the likability polls. last night, romney one-up the president on his own wedding anniversary. first, obama. >> a lot of points i want to make tonight. but the most important one is that 20 years ago, i became the luckiest man on...
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all eyes will be on the economy this week. the big news for wall street comes on friday with the september jobs report. of course, that is key for the markets. it's also key in the race for the white house. also ahead, we'll get a look at september auto sales data. as well as the latest look at construction spending. we'll see if those indicators show any continued signs of improvement like we've been seeing in the housing market. and the fed releases minutes from its last meeting, shedding more light on the central bank's decision to try to further stimulate the u.s. economy. we'll track that and all the week's business news on cnn money. >>> i'm a.j. hammer, here's what we're watching this week. jamie presley is going to be joining me to find out what she's been up to lately and we've also got a big show biz countdown this week of the best presidential impersonations ever. you got to tune in to see if your favorites make the cut. >> thanks, guys. some high school students thought they were pretty funny nominating a girl to t
all eyes will be on the economy this week. the big news for wall street comes on friday with the september jobs report. of course, that is key for the markets. it's also key in the race for the white house. also ahead, we'll get a look at september auto sales data. as well as the latest look at construction spending. we'll see if those indicators show any continued signs of improvement like we've been seeing in the housing market. and the fed releases minutes from its last meeting, shedding...